https://www.taxtmi.com/caselaws?id=410756 The Tribunal allowed the First Motion Application under Sections 230 & 232 of the Companies Act, 2013, maintaining it as per Rule 3(2) of the Rules. The Applicant Transferee Company was permitted to dispense with meetings of stakeholders based on obtained consents. The proposed Scheme of Amalgamation was supported for its business synergy and compliance with statutory requirements. A fair share exchange ratio was established, and financial statements were found compliant. The Tribunal granted permission to proceed with the Second Motion Petition, with specific directives for notices to statutory authorities. en-us Wed, 28 Jul 2021 00:00:00 +0530 Mon, 09 Aug 2021 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410756 The Tribunal allowed the First Motion Application under Sections 230 & 232 of the Companies Act, 2013, maintaining it as per Rule 3(2) of the Rules. The Applicant Transferee Company was permitted to dispense with meetings of stakeholders based on obtained consents. The proposed Scheme of Amalgamation was supported for its business synergy and compliance with statutory requirements. A fair share exchange ratio was established, and financial statements were found compliant. The Tribunal granted permission to proceed with the Second Motion Petition, with specific directives for notices to statutory authorities. Case-Laws Companies Law Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410756